https://static5.businessinsider.de/image/5b6c8c2b42e1cc19e8092715/the-us-budget-deficit-ballooned-to-779-billion-this-year-the-highest-since-2012-driven-by-trumps-tax-law-and-the-massive-budget-deal.jpg

gop tax law pushes budget deficit to $779 billion, highest since 2012

The GOP tax bill and massive budget agreement helped to grow the deficit. ... As the GOP tax bill and massive spending agreement took hold, the deficit for fiscal year 2018, which ran from October 2017 through September 2018, was 17% wider than 2017's and totaled 3.9% of GDP. ..

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